Century Communities Inc (CCS)

Return on assets (ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	259,224	247,395	308,718	415,941	525,126	610,602	580,106	539,348	498,504	425,356	361,143	281,683	206,157	167,698	144,958	122,003	112,994	85,831	75,855	93,553
Total assets	US$ in thousands	4,139,360	3,949,390	3,856,650	3,712,980	3,773,770	3,880,060	3,772,740	3,495,500	3,496,880	3,210,870	2,894,250	2,951,680	2,845,090	2,591,360	2,551,780	2,910,440	2,499,970	2,489,560	2,410,370	2,323,060
ROA		6.26%	6.26%	8.00%	11.20%	13.92%	15.74%	15.38%	15.43%	14.26%	13.25%	12.48%	9.54%	7.25%	6.47%	5.68%	4.19%	4.52%	3.45%	3.15%	4.03%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $259,224K ÷ $4,139,360K
= 6.26%

Century Communities Inc's return on assets (ROA) has exhibited a declining trend over the last eight quarters. The company's ROA decreased from 15.43% in Q1 2022 to 6.26% in Q4 2023. This suggests a decline in the company's ability to generate profits relative to its total assets. The company's ROA peaked at 15.74% in Q3 2022 and has gradually decreased since then. This downward trend in ROA may indicate inefficiencies in asset utilization or declining profitability. Further analysis and investigation are recommended to understand the factors contributing to this trend.